. Sharon Corporation annolrnced today that it will begin paying annual dividends next year. l-he first dividend w'ill be RM0.12 a share. The fblior,ving dividends will be RMO.l5, RM0.20, RM0.50. and RM0.60 a share annually fbr the tbllowing 4 years, respectively. Afier that, dividends are projected to increase by 4 percent per year. Horv much are you witling to pay to buy one share of this stock today if your desired rate of refurn is 8.5 nercent?